LETTERS TO THE EDITOR

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French Open Will Have A New Queen

Amidst the galaxy of stars in the women’s draw of the French Open, predicting a champion would have definitely centered around the big names. Four time champion  Grand Slam winner Naomi Osaka withdrew after winning the first round when she controversially did not attend the customary post-match press conference and was fined $ 15,000 and was threatened further action for the remaining grand slams. Serena Williams lost in her bid to clinch the elusive 24th Grand Slam title and the redoubtable Ashleigh Barty threw in the towel due to an injury. Iga Swiatek who had not lost a set until the fourth round fell to Greek star Maria Sakkari in straight sets 6-4, 6-4 in the quarter finals. Now, Greece’s Maria Sakkari plays Barbora Krejcikova of the Czech republic in the semis for a place in the final, while Anastasia Pavlyuchenkova of Russia, crosses swords with Slovenia’s 85th ranked Tamara Zidansek to decide who will become the latest French Open queen. Either Greece, the Czech Republic, Russia or Slovenia will have one of their own new women star as the Queen of Roland Garros. Four until now unheralded women star tennis players will have the opportunity of scripting their names in the honour list of the French Open. A new queen will grace the prestigious French Open podium.

Elvidio Miranda, Panaji

Restore KYC Updation For Trading

Trading in India by single investors is centralized with the online electronic services provided by National Securities Depository Limited and Central Depository Services Limited. NSDL/CDSL thus facilitates seamless information-related trading of shares as associated with respected Depository Participant (DP) in an online format. A unique CAS ID is generated by NSDL/CSDL for each Demat account holder to ascertain the status of the overall accounts maintained through stocks with the help of a consolidated monthly statement. Further, for the Demat account holders, the need to update basic information in KYC like email, telephone, and address is not possible through the existing centralized online portals that is NSDL/CDSL. Otherwise, one is only directed to a Depository Participant (DP) to update KYC details in an offline mode.  Thus there is now an urgent need to restore the KYC updation process for NSDL/CDSL Demat account holders instantly through an online mode. The current system of paper-based manual updation is archaic and consumes a lot of time. Further, with the availability of seamless technology and enhanced online security, NSDL/CDSL can further initiate an online system-based KYC verification process for all the Demat account holders.

Varun Dambal, Bangalore